RUPA in effect abolishes the "dual priority" or "jingle" rule of UPA Section 40(h) and (i). Those sections gave partnership creditors priority as to partnership property and separate creditors priority as to separate property. The jingle rule has already been preempted by the Bankruptcy Code, at least as to Chapter 7 partnership liquidation proceedings. Under Section 723(c) of the Bankruptcy Code, and under RUPA, partnership creditors share pro rata with the partners' individual creditors in the assets of the partners' estates.

3. Subsection (b) provides that each partner is entitled to a settlement of all partnership accounts upon winding up. It also establishes the default rules for closing out the partners' accounts. First, the profits and losses resulting from the liquidation of the partnership assets must be credited or charged to the partners' accounts, according to their respective shares of profits and losses. Then, the partnership must make a final liquidating distribution to those partners with a positive account balance. That distribution should be in the amount of the excess of credits over the charges in the account. Any partner with a negative account balance must contribute to the partnership an amount equal to the excess of charges over the credits in the account provided the excess relates to an obligation for which the partner is personally liable under Section 306. The partners may, however, agree that a negative account does not reflect a debt to the partnership and need not be repaid in settling the partners' accounts.

Section 807(b) makes clear that a partner's contribution obligation to a partnership in dissolution only considers the partner's share of obligations for which the partner was personally liable under Section 306 ("unshielded obligations"). See Comments to Section 401(b) (partner contribution obligation to an operating partnership). Properly determined under this Section, the total required partner contributions will be sufficient to satisfy the partnership's total unshielded obligations. In special circumstances where a partnership has